Topic: 5BTC loan for 2 months. 0.75BTC interest paid on July 1st (can offer collateral) (Read 1524 times)
May 08, 2013, 05:17:58 PM
TheSwede repaid the loan + interest (BTC0.15 because the loan is repaid before 12/05/2013) today and I have returned the collateral to him. Nice loan, and I would definitely do business with him again.
May 02, 2013, 03:39:28 PM
I already had a similar nature loan before with John K with ASICMINER share collateral (through bitfunder). Not really unique.
May 02, 2013, 12:12:31 PM
for what reason?
Scammers will ignore it ...
noobs wont read it ...
good guys already know how to request a loan...
Scammers will ignore it ...
noobs wont read it ...
good guys already know how to request a loan...
May 02, 2013, 10:49:19 AM
As promised an update. We have settled the loan, in short:
I just want to add that I find this loan proposition exemplary. May be it should be stickied as an example?
- I am currently in possession of the collateral on BTCT.co
- I have send the BTC5.
- All risk of the investment and the exchange they are on, stays with TheSwede75
- If the loan is repaid before May 12th (so until May 11th) the interest on the loan is 0.15 BTC
- Otherwise the loan is repaid before before July 19th (so until July 18th) and the interest is 0.75 BTC
- I will not liquidate the collateral before the loan is default under any circumstance other than TheSwede75 asking me to do so
- In the event the value of the collateral drops below the outstanding principal we will be in contact
I just want to add that I find this loan proposition exemplary. May be it should be stickied as an example?
May 01, 2013, 01:59:57 AM
Being somewhat new to the entire concept I am inclined to go with the member that seems to have the longest track record and reputation. That being wachtwoord.
Based on your track record and user feedback I am comfortable with doing this without escrow if you are and If you PM me the needed transfer information I will transfer the shares into your btc-tc.co account as soon as I can (likely tomorrow as I have previous engagements for tonight).
I hope all other readers and contributors to this thread are OK with my choice? (Not 100% on what the etiquette is on this seeing it being my first loan).
Edit: (Update) If possible I would like the option of cashing the loan in advance for a slightly reduced interest rate. I will know within the week if my ASIC opportunity seems worth pursuing and would then want to pay back the loan in full within 10 days. wachtwoord, please do give me your BTC0.0002 on this.
Based on your track record and user feedback I am comfortable with doing this without escrow if you are and If you PM me the needed transfer information I will transfer the shares into your btc-tc.co account as soon as I can (likely tomorrow as I have previous engagements for tonight).
I hope all other readers and contributors to this thread are OK with my choice? (Not 100% on what the etiquette is on this seeing it being my first loan).
Edit: (Update) If possible I would like the option of cashing the loan in advance for a slightly reduced interest rate. I will know within the week if my ASIC opportunity seems worth pursuing and would then want to pay back the loan in full within 10 days. wachtwoord, please do give me your BTC0.0002 on this.
Thank you for choosing me
I have contacted you via PM to resolve a few open issues (30th July is 90 days away for instance
). Further, of course returning the loan sooner for a reduced rate is fine, I have made an offer in the PM. I'll disclose the outcome in this thread for transparency. April 30, 2013, 07:23:23 PM
You have a small token of appreciation in your wallet. Btw, I am also in the US (Missouri) though I am born and raised in Sweden.
Thank you so much!
April 30, 2013, 07:14:26 PM
I hope all other readers and contributors to this thread are OK with my choice? (Not 100% on what the etiquette is on this seeing it being my first loan).
It is completely your choice. No one has anything to say. Of course, there is no chance for small fish like me when big shots are pouring over.
I do really appreciate your offer. If you have a LTC address I wouldn't mind sending you a small 'tip' as a token of appreciation for taking the time to read the thread and answer honestly and being friendly.
Thank you so much for your generosity. It's LUnQFuhQKNjhrsK4HSdcsn6Bf3wcT3tW2y : also in my sig. Please do let me know if/when I can be of any other help (check my sig. - i f you need any service in US)
Thanks
You have a small token of appreciation in your wallet. Btw, I am also in the US (Missouri) though I am born and raised in Sweden.
April 30, 2013, 07:06:25 PM
I hope all other readers and contributors to this thread are OK with my choice? (Not 100% on what the etiquette is on this seeing it being my first loan).
It is completely your choice. No one has anything to say. Of course, there is no chance for small fish like me when big shots are pouring over.
I do really appreciate your offer. If you have a LTC address I wouldn't mind sending you a small 'tip' as a token of appreciation for taking the time to read the thread and answer honestly and being friendly.
Thank you so much for your generosity. It's LUnQFuhQKNjhrsK4HSdcsn6Bf3wcT3tW2y : also in my sig. Please do let me know if/when I can be of any other help (check my sig. - i f you need any service in US)
Thanks
April 30, 2013, 07:00:12 PM
I hope all other readers and contributors to this thread are OK with my choice? (Not 100% on what the etiquette is on this seeing it being my first loan).
It is completely your choice. No one has anything to say. Of course, there is no chance for small fish like me when big shots are pouring over.
I do really appreciate your offer. If you have a LTC address I wouldn't mind sending you a small 'tip' as a token of appreciation for taking the time to read the thread and answer honestly and being friendly.
April 30, 2013, 06:58:57 PM
Being somewhat new to the entire concept I am inclined to go with the member that seems to have the longest track record and reputation. That being wachtwoord.
Based on your track record and user feedback I am comfortable with doing this without escrow if you are and If you PM me the needed transfer information I will transfer the shares into your btc-tc.co account as soon as I can (likely tomorrow as I have previous engagements for tonight).
I hope all other readers and contributors to this thread are OK with my choice? (Not 100% on what the etiquette is on this seeing it being my first loan).
Edit: (Update) If possible I would like the option of cashing the loan in advance for a slightly reduced interest rate. I will know within the week if my ASIC opportunity seems worth pursuing and would then want to pay back the loan in full within 10 days. wachtwoord, please do give me your BTC0.0002 on this.
Based on your track record and user feedback I am comfortable with doing this without escrow if you are and If you PM me the needed transfer information I will transfer the shares into your btc-tc.co account as soon as I can (likely tomorrow as I have previous engagements for tonight).
I hope all other readers and contributors to this thread are OK with my choice? (Not 100% on what the etiquette is on this seeing it being my first loan).
Edit: (Update) If possible I would like the option of cashing the loan in advance for a slightly reduced interest rate. I will know within the week if my ASIC opportunity seems worth pursuing and would then want to pay back the loan in full within 10 days. wachtwoord, please do give me your BTC0.0002 on this.
You can make a secured loan using your shares as collateral with BTCJam. The process is automatic and you can crowdfund your loan.
Thank you for the information, but I really enjoy this forum and I guess you can say that I like the 'idea' of a community build on trust. I have no problem doing the loan through a trusted member. It's also not a 'whole lot' of Fiat/BTC so I am more than ok with the minimal risk. I also have a feeling that if any of the trusted members here would want to 'Pull a Jason Bourne' they would prob wait for a slightly larger amount then roughly $700
April 30, 2013, 06:58:36 PM
I hope all other readers and contributors to this thread are OK with my choice? (Not 100% on what the etiquette is on this seeing it being my first loan).
It is completely your choice. No one has anything to say. Of course, there is no chance for small fish like me when big shots are pouring over.
April 30, 2013, 06:45:22 PM
Being somewhat new to the entire concept I am inclined to go with the member that seems to have the longest track record and reputation. That being wachtwoord.
Based on your track record and user feedback I am comfortable with doing this without escrow if you are and If you PM me the needed transfer information I will transfer the shares into your btc-tc.co account as soon as I can (likely tomorrow as I have previous engagements for tonight).
I hope all other readers and contributors to this thread are OK with my choice? (Not 100% on what the etiquette is on this seeing it being my first loan).
Edit: (Update) If possible I would like the option of cashing the loan in advance for a slightly reduced interest rate. I will know within the week if my ASIC opportunity seems worth pursuing and would then want to pay back the loan in full within 10 days. wachtwoord, please do give me your BTC0.0002 on this.
Based on your track record and user feedback I am comfortable with doing this without escrow if you are and If you PM me the needed transfer information I will transfer the shares into your btc-tc.co account as soon as I can (likely tomorrow as I have previous engagements for tonight).
I hope all other readers and contributors to this thread are OK with my choice? (Not 100% on what the etiquette is on this seeing it being my first loan).
Edit: (Update) If possible I would like the option of cashing the loan in advance for a slightly reduced interest rate. I will know within the week if my ASIC opportunity seems worth pursuing and would then want to pay back the loan in full within 10 days. wachtwoord, please do give me your BTC0.0002 on this.
You can make a secured loan using your shares as collateral with BTCJam. The process is automatic and you can crowdfund your loan.
April 30, 2013, 06:24:28 PM
Being somewhat new to the entire concept I am inclined to go with the member that seems to have the longest track record and reputation. That being wachtwoord.
Based on your track record and user feedback I am comfortable with doing this without escrow if you are and If you PM me the needed transfer information I will transfer the shares into your btc-tc.co account as soon as I can (likely tomorrow as I have previous engagements for tonight).
I hope all other readers and contributors to this thread are OK with my choice? (Not 100% on what the etiquette is on this seeing it being my first loan).
Edit: (Update) If possible I would like the option of cashing the loan in advance for a slightly reduced interest rate. I will know within the week if my ASIC opportunity seems worth pursuing and would then want to pay back the loan in full within 10 days. wachtwoord, please do give me your BTC0.0002 on this.
Based on your track record and user feedback I am comfortable with doing this without escrow if you are and If you PM me the needed transfer information I will transfer the shares into your btc-tc.co account as soon as I can (likely tomorrow as I have previous engagements for tonight).
I hope all other readers and contributors to this thread are OK with my choice? (Not 100% on what the etiquette is on this seeing it being my first loan).
Edit: (Update) If possible I would like the option of cashing the loan in advance for a slightly reduced interest rate. I will know within the week if my ASIC opportunity seems worth pursuing and would then want to pay back the loan in full within 10 days. wachtwoord, please do give me your BTC0.0002 on this.
April 30, 2013, 10:18:13 AM
Would just like to vouch for both Wachtwoord and Eisenhower who I have currently active loans with both.
Both are highly professional and honest and you could trust either of them with your assets
Both are highly professional and honest and you could trust either of them with your assets
April 30, 2013, 05:05:05 AM
I'm going to go ahead and make an offer as well.
1. I would also require the entire set of shares you offered above as well
2. I am however open to the use of escrow (if it's John), as long as you arrange the escrow and pay the fees
3. The accrued dividends would stay in escrow, complementing the collateral
4. I will in no case liquidate (or ask the escrow to do so) your stocks (they are yours after all) before you default on the loan and after only after having tried my best to get in contact with you and arrange an alternative.
I believe I have a high reputation as well, though not so many trades (though quite high value). With the proposed arrangement you do not need to trust me due to the escrow. I'm not sure which of the offers is better since it will depend on your personal preferences. Let me know and good luck
1. I would also require the entire set of shares you offered above as well
2. I am however open to the use of escrow (if it's John), as long as you arrange the escrow and pay the fees
3. The accrued dividends would stay in escrow, complementing the collateral
4. I will in no case liquidate (or ask the escrow to do so) your stocks (they are yours after all) before you default on the loan and after only after having tried my best to get in contact with you and arrange an alternative.
I believe I have a high reputation as well, though not so many trades (though quite high value). With the proposed arrangement you do not need to trust me due to the escrow. I'm not sure which of the offers is better since it will depend on your personal preferences. Let me know and good luck
April 30, 2013, 02:27:46 AM
Can offer you the following:
1) You transfer the shares described in your op to my btct.co acc
2) I send you the btc
3) On July 1st we check how much dividend was generated with those shares
4) You pay me back only the difference of dividend and 5.75 BTC
5) I transfer the shares back to you
My reputation is outstanding:
Over $6000 in Amazon Gift Codes: https://bitcointalksearch.org/topic/btc-on-amazoncom-buy-giftcards-with-your-btc-10-discount-62361
Over 700 BTC bought with paypal / paxum https://bitcointalksearch.org/topic/have-paypal-paxum-need-btc-or-lr-1000-96578
Many funds lent to other members https://bitcointalksearch.org/topic/eisenhowers-lending-0-available-97764
I would require the whole amount of shares you described in your op. Why? Two reasons, first I dont want to check and calculate daily if your shares are still worth 5.75 BTC, second I expect a huge drop in value for your shares if / when BFL roles out their ASICS. I expect a 30% to 50% loss in value which means I would have to liquidate your shares as soon as BFL ASICs role out which isnt in your interest right?
1) You transfer the shares described in your op to my btct.co acc
2) I send you the btc
3) On July 1st we check how much dividend was generated with those shares
4) You pay me back only the difference of dividend and 5.75 BTC
5) I transfer the shares back to you
My reputation is outstanding:
Over $6000 in Amazon Gift Codes: https://bitcointalksearch.org/topic/btc-on-amazoncom-buy-giftcards-with-your-btc-10-discount-62361
Over 700 BTC bought with paypal / paxum https://bitcointalksearch.org/topic/have-paypal-paxum-need-btc-or-lr-1000-96578
Many funds lent to other members https://bitcointalksearch.org/topic/eisenhowers-lending-0-available-97764
I would require the whole amount of shares you described in your op. Why? Two reasons, first I dont want to check and calculate daily if your shares are still worth 5.75 BTC, second I expect a huge drop in value for your shares if / when BFL roles out their ASICS. I expect a 30% to 50% loss in value which means I would have to liquidate your shares as soon as BFL ASICs role out which isnt in your interest right?
April 29, 2013, 09:47:04 PM
How do you transfer shared on btc-tc ? I know it can be done in bitfunder. I might be interested in this if there is an easy way to transfer btc-tc shares (pending other info).
All I know is that there is a fee-less 'Internal asset transfer' located in the 'portfolio' tab that I guess allows you to transfer assets to other members based on username. Maybe someone with some more knowledge of this can weight in?
If we do the deal, would you be willing to allow me to transfer the assets to a Escrow partner? (someone we both can agree that we trust?) or maybe slightly lower the collateral? (Not sure I am 100% comfortable with collateral being 160% of loan and ASICMINER paying weekly dividends also makes transferring them sort of an even worse deal for me since dividends would be paid to the collateral holder).
Yes, I see it. That should work. I do not need 160%, you can lower that. I will compute 120% with current bid price, not ask.
No escrow on this. Here are the steps:
1. You transfer assets
2. I send you btc to the address you give publicly
3. On July 1st you pay me back 5.75 btc publicly to the given address
4. I transfer back your asset
5. I will not liquidate anything inbetween
If this sounds ok, let me know.
April 29, 2013, 09:03:28 PM
Yes, you should insist on Escrow. The collateral should be more than the loan, so you have to trust the lender not to run away with it.
"You like that side-boob?"
April 29, 2013, 08:27:14 PM
Yes, you should insist on Escrow. The collateral should be more than the loan, so you have to trust the lender not to run away with it.
April 29, 2013, 07:27:04 PM
How do you transfer shared on btc-tc ? I know it can be done in bitfunder. I might be interested in this if there is an easy way to transfer btc-tc shares (pending other info).
All I know is that there is a fee-less 'Internal asset transfer' located in the 'portfolio' tab that I guess allows you to transfer assets to other members based on username. Maybe someone with some more knowledge of this can weight in?
If we do the deal, would you be willing to allow me to transfer the assets to a Escrow partner? (someone we both can agree that we trust?) or maybe slightly lower the collateral? (Not sure I am 100% comfortable with collateral being 160% of loan and ASICMINER paying weekly dividends also makes transferring them sort of an even worse deal for me since dividends would be paid to the collateral holder).
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